The state economy and The financing of state government Chapter 12

Learning Objectives Discuss the mainstays of the Texas economy, the growth of lower-paying jobs, and efforts to create a favorable business climate. Discuss where Texas gets its revenue, including state taxes. Assess whether the revenue structure is fair and equitable. Understand how the budget of the state is produced. Evaluate the results of the spending plan in terms of meeting the needs of Texans by providing an adequate level of state services.

Table 12-1

Authorization and Appropriations House, Senate versions of bill sent to conference committee Revenues must be certified by Comptroller Approval usually late in session Governor: line-item veto

Table 12-2